Business Franchises Close Out Sale of Franchise Trademarked Product

CLOSE OUT SALE OF FRANCHISE TRADEMARKED PRODUCT The franchiser, _________________________________________, and the franchisee, ___________________________________, as set forth in their franchise agreement on ____________________________________________________ and as witnessed by _________________________________, have agreed to the following additional terms and conditions: ____________________________________________________________________ ____________________________________________________________________ ____________________________________________________________________ ____________________________________________________________________ If both parties have agreed to negate the contractual agreement, the franchisee will be allowed ___________________________________ to move inventory in the form of a sale on the premises. This merchandise must have been purchased prior to the expiration or negation of the contract. No other locations are considered authorized to sell said merchandise and must be agreed to in writing by franchiser. ____________________________ Franchiser _______________ Dated ____________________________ Franchisee _______________ Dated ____________________________ Witness _______________ Dated ____________________________ Witness _______________ Dated